Safaricom, Kenyan commercial banks propose Pesalink for national payments overhaul 

Safaricom and the Kenya Bankers Association (KBA) have proposed that Pesalink become the preferred next-generation fast payment system (FPS) in Kenya, arguing for an industry-led solution to streamline digital payments. The recommendation, outlined in a proposal submitted by both parties, calls for Pesalink’s existing infrastructure rather than creating a new FPS or relying on multiple private…